Jan Dehn, head of Research at Ashmore discusses how Russia’s central bank has handled a triple-whammy of shocks without putting a foot wrong. The Russian central bank deserves an ‘A+’ for its handling of the Russian economy over the past year. It has literally not put a foot wrong in what can only be described […]
Per Hammarlund, chief emerging markets strategist at SEB argues that the Central Bank of Russia will cut its main policy rate to 12%. The Federal Open Market Committee (FOMC) will announce its rate decision on Wednesday, April 29. We along with consensus believe that rates will remain on hold, with the key uncertainty revolving around […]
The monetary tightening from the RCB made no real impression on the ruble yesterday because oil is continuing to decline. Until the oil markets find a floor, the ruble will remain under pressure and moves from the RCB to rebalance the currency will be largely ignored. The unfortunate news for the RCB is that it’s […]
Andrey Kostin, chairman and president of VTB Bank OJSC and participant at this year’s Davos meeting, has talked about Russia’s investment climate, central bank monetary policy and VTB’s plans to issue new shares this year.
The European Bank for Reconstruction and Development (EBRD) welcomes the move by the Central Bank of Russia (CBR) to move to a floating rate on long term financing provided to banks.
Mario Draghi, president of the European Central Bank (ECB), and Sergey Ignatiev, chairman of the Bank of Russia, have signed a memorandum of understanding for continued cooperation on central banking.
Russian non-banking financial organisations have now gained easier access to the foreign securities market through Russia’s National Settlement Depository (NSD).
All summer, the Central Bank of Russia has focused strongly on inflation targeting by hiking rates, but Bank of America Merrill Lynch says it is misguided in its policy.
Russia’s Finance Ministry is pressing on with its borrowing programme, even though the fiscal surplus in August widened dramatically.
Russia’s Federal Financial Markets Service (FFMS) has filed a request with the Ministry of Justice to allow foreign central depositaries such as Euroclear and Clearstream access to the country’s corporate debt market.